The Wall Street Journal was co-founded by Charles Dow and Edward Jones. In 1896, Dow created a price-weighted index out of 30 listed stocks that he felt represented a snapshot of US industry and published it in the WSJ. This instantly popular Dow Jones Industrial Average index would continue, albeit with some replacement stocks over the ensuing decades.
In mid-May, 2024, The Dow Jones Industrial Average closed above 40,000 for the first time, a new record high. Other economic conditions, such as inflation, excess cash, institutional program trading, and short coverage notwithstanding, a number of the Dow member stocks also scored new highs.
But that doesn’t mean that there aren’t any Dow Jones stocks that still have more upside for 2024.
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